AUDITED ANNUAL FINANCIAL STATEMENT CORK CITY COUNCIL For the year ended 31st December 2016
CONTENTS Page Financial Review 1 Certificate of Chief Executive/Head of Finance 2 Audit Opinion 3 Statement of Accounting Policies 4-7 Financial Accounts Statement of Comprehensive Income (Income & Expenditure Account) 9 Statement of Financial Position (Balance Sheet) 10 Statement of Funds Flow (Funds Flow Statement) 11 Notes on and forming part of the Accounts 12-22 Appendices 1 Analysis of Expenditure 24 2 Expenditure and Income by Division 25-32 3 Analysis of Income from Grants and Subsidies 33 4 Analysis of Income from Goods and Services 34 5 Summary of Capital Expenditure and Income 35 6 Capital Expenditure and Income by Division 36 7 Major Revenue Collections 37 8 Interest of Local Authorities in Companies 38
FINANCIAL REVIEW Introduction This Annual Financial Statement sets out the financial results of Cork City Council s activities for the year 2016 and the financial position as at 31 st December 2016. The Annual Financial Statement has been prepared in accordance with the statutory requirements governing the accounts of local authorities and in compliance with the Accounting Code of Practice for Local Authorities prescribed by the Minister of Housing, Planning, Community and Local Government. The Annual Financial Statement is subject to external audit by the Local Government Auditor who is required to form an independent opinion on the accounts and to submit an Audit Report to the City Council. This will be reviewed by the Audit Committee, who will then report to Council on its consideration of the audited financial statement and auditor s report. The Annual Financial Statement represents fairly the financial position of the City Council. The Accounts have been prepared on an accruals basis. Appropriate accounting policies have been employed and applied consistently and are set out in the Statement of Accounting Policies on pages 4 to 7. Where necessary, prudent judgements and estimates were made which comply with the Accounting Code of Practice. Cork City Council incurred total expenditure of 235,180,724 during 2016. This comprises: Revenue Expenditure of 154,297,587 and Capital Expenditure of 80,883,137 The total expenditure shows an increase of 26.6m on the 2015 outturn of 208.5m. Revenue Account 2016 was a year of significant challenge for the Council mainly due to the loss of income arising from the Global Revaluation of Rates which saw the City Council lose income of 1.1m. However Cork City Council was compensated by the DHPCLG to the value of 751K. The DHPCLG continued to compensate for the loss of Irish Water rates income during 2016. There were continuing and additional demands and requirements for the provision of services in areas such as Housing, Roads, Libraries, Parks, Tourism and Economic Development and these had to be funded from diminishing income resources being generated locally and from central government grants. Table 1: Revenue Account 2016 Revenue Expenditure on Council Services 154,297,587 Revenue Income (Grants, Charges & Rates) 154,349,935 Surplus for the year 52,348 Table 1: Revenue Account 2016 shows that the Revenue Expenditure for the year amounted to 154,297,587 with Income of 154,349,935 giving an excess of income over expenditure of 52,348. This represents a very satisfactory outcome given the fiscal climate and builds on the progress of recent years during which we have eliminated the Revenue deficit. (See Fig 1 below) The General Reserve stands at 832,282 as at 31 st December 2016. 1(i)
Fig1. Cumulative Revenue Account Balance 1998 2016 Millions 1 0.5 0-0.5-1 -1.5 1998 2002 2006 2010 2016 0.83 0.401-0.196-1.094-2 -2.5-3 -2.824 Income Total Revenue Income amounted to 154,349,935. 20.8% of this was funded from Central Government with 79.2% raised locally. Table 2 and Figure 2 show the Revenue Income by Source. Appendices 3 & 4 further analyse income from Grants and from Goods & Services. Table 2: Revenue Income by Sources % Local Property Tax 8,013,089 5.2 Other State Grants 24,100,402 15.6 Goods & Services 52,111,604 33.7 Commercial Rates 64,736,946 42.0 Transfers from Reserves 749,942 0.5 Contributions from other L.A. s 2,182,411 1.4 Pension Related Deduction 2,455,541 1.6 100.0 1(ii)
Fig 2. Revenue Income by Sources Revenue Income by Sources Goods & Services 34% Commercial Rates 42% Other 3% Other State Grants 16% Local Property Tax 5% A number of our income sources remain under continued pressure such as the Library and North Main Street Car Park. The monies collected from these sources in 2016 were under budget and will be a concern for 2017. A sum of 1.17m was received from the Non Principal Private Residence charge which was 800K in excess of budget. It should be noted that a sum of 600K has been included for the 2017 budget. The additional income received was used to address known commitments and liabilities in the Capital Programme. Revenue Collections Details of the Major Revenue Collections for 2016 are included in Appendix 7 of the AFS and the % collected for the years 2016 and 2015 respectively are shown in Table 3 below. Table 3: Major Revenue Collections % Collected 2016 2015 Rates 79 78 Rents & Annuities 81 81 Housing Loans 70 71 The % collection in Rents and Annuities remained the same as in 2015. Housing loans collection levels dropped by 1% and we would expect this to increase in 2017 with the reinstatement of the number of resources to the unit. 1(iii)
The City Council continues to recognise the need, in some cases, to agree payment schedules with customers to reflect both the requirement of the City Council to raise funds for the provision of services and the ability of the customer to make payment in the traditional manner. Such schedules can be tailored to the particular circumstances of each individual case and the Council continues to encourage anyone who may be experiencing difficulty to make contact at an early stage where their particular circumstances can be addressed and costly legal proceedings avoided. Various initiatives continue to be undertaken to strengthen debt collection measures and processes and every effort continues to be made to secure the City Council income. One of these initiatives is the Rates Incentive Scheme that has been introduced in 2017. The scheme is targeted at SME s which have an annual rates liability of less than 4,000. Once certain conditions are met, rate payers can avail of a 3% reduction in their 2018 rates liability. Expenditure The principal adverse variances on the revenue account arose in the areas of Roads, Development Management and Recreation & Amenity. In the Roads Division, the increased spend was in the main offset by additional grants being received but was also caused by the change in the funding mechanism for Road Grants which meant that Cork City Council had to find a greater amount from its own resources. In the Development Management Services Division, there was an increase in spend over budget on Tourism Development & Promotion. Additionally there was an increased spend over budget by Economic Development and Promotion which was offset by additional income. In the Recreation & Amenity Service Division, there was an increased spend over budget in the Libraries. This was in the main due to rent reviews for both Blackpool and Douglas Libraries which resulted in increased rent for current and previous years. This will have an effect on our 2017 budget. The increased spend in Parks was due in part to increase in illegal dumping and security costs. There was an additional spend on the Arts Programme which was offset by increased arts grants. There was also an increased spend in Public Liability Claims in 2016 which resulted in an overspend on the budget. However in the year, there was increased income from a number of streams Housing Rents, Pay Parking, Planning Application Fees. These together with a reduction in payroll costs and strong financial management and budgetary control offset the various over expenditures. Transfer to Reserves In compliance with the Accounting Code of Practice, the Income & Expenditure Account Statement on page 9 of the Accounts shows the Revenue Account net of transfers to reserves (see Note14 - Transfer to and from Reserves). To assist interpretation of the accounts the movement from gross to net expenditure and income are set out in Table 4 and 5. Table 4: Movement from Gross to Net Expenditure 2016 m Gross Expenditure 154,297,587 Less Transfer to Reserves (4,448,351) Net Expenditure 149,849,236 1(iv)
Table 5: Movement from Gross to Net Income 2016 m Gross Income 154,349,935 Rates 64,736,946 Local Property Tax 8,013,089 Pension Related Deduction 2,455,541 Net Income before Transfer 79,144,359 Less Transfer from Reserves (749,942) Net Income 78,394,417 Capital Account The Capital Account records income and expenditure in respect of the acquisition and provision of assets related to services provided by the Council. A summary of the transactions in the Capital Account for 2016 with comparative figures for 2015 is set out in Table 6. Table 6: Capital Account for 2016 2016 2015 000 s 000 s Expenditure including transfers 80,884 57,500 Income including transfers 89,344 47,971 Outturn for the year (8,460) (9,529) Opening Balance Favourable / (Adverse) 18,063 16,589 Closing Balance Favourable/(Adverse) 26,523 7,060 Capital expenditure amounted to 80.9m, an increase of 23m from 2015. Note 11 to the Accounts sets out where the Capital Account appears on the Balance Sheet while Appendices 5 & 6 gives further detailed analysis. The net balance on the Capital Account moved from an opening 18.1m credit balance to a 26.5m credit balance at year end. This was due to the loan received which was used to fund some of the unfunded housing balances and from the sale of property such as 1 Lapps Quay. Over the recent years, significant attention and emphasis has been placed on the Capital Account and progress continued during 2016. Funding arrangements are in place for adverse balances and provision made for known liabilities and commitments in all bar five notable and significant items. The five exceptional items are: loans of 34.6m in respect of adverse housing land costs; loans of 28.3m in respect of Affordable Housing Schemes; unfunded balances of 28.3m on housing construction and related projects; 5.2m relating to docklands bridges and 3.96m in respect of the balance of acquisition costs for Marina Park. These balances are reviewed regularly with particular emphasis on funding sources and we continue to engage with the Department for recoupment from Central Government in relation to the housing balances. Cork City Council drew down a loan of 8.55m in 2016 to address some of the unfunded balances in Housing. It is intended that Marina Park and Docklands Bridge will be funded in tandem with future developments in the docklands area. 1(v)
Financial Standing The Balance Sheet shows net assets of 3.218b at the 31 st December 2016 consisting of the following: Table 7: Balance Sheet Summary 2016 2015 m m Fixed Assets 3,243.8 3,156.4 Work in Progress & Preliminary Expenses 17.7 81.0 Long Term Debtors 74.4 80.7 Net Current Assets/(Liabilities) 25.6 17.0 Long Term Creditors (143.7) (156.6) Net Assets 3,217.8 3,178.5 Represented By Capitalisation Account 3,243.8 3,156.4 Income WIP 15.8 77.7 Specific Revenue Reserve 0.0 0.3 General Revenue Reserve 0.8 0.8 Other Balances (42.6) (56.7) 3,217.8 3,178.5 The net book value of fixed assets (including Work In Progress) at 31 st December 2016 was 3.26billion. This includes additions during the year of 97m to the Fixed Asset Register, of which 48m related to Housing, 43m related to Roads, 2.8m related to Parks and 2.3m related to Heritage. Fixed Asset disposals during the year amounted to 10.4m of which 3.1m was in respect of Land and 5.6m related to Housing. There were also historical cost adjustments of 1.9m which was mainly related to the value of assets held in the Cork Public Museum. Conclusion In overall terms, the outcome for 2016 has been very satisfactory and particularly so in the current climate of uncertainty as regards resources. During 2016 Cork City Council has continued to take actions to adjust and match both operational day to day spend and long term capital investment programme in light of declining resources. There are a number of areas which have the potential to give rise to significant challenges during 2017. These will require the maintenance of continuing strict control of both revenue and capital expenditure and adapt budgets as circumstances change. Cork City Council will continue to closely link service provision with available resources. Notwithstanding movements in resources, services will be delivered to the highest quality and represent value for money in order to support business, residential and visitor life in the city. 1(vi)
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STATEMENT OF ACCOUNTING POLICIES 1. General The Accounts have been prepared in accordance with the Accounting Code of Practice ACoP on local authority accounting, as revised by the Department of Environment, Heritage and Local Government (DEHLG) at 31st December 2016. Non compliance with accounting polices as set out in ACoP must be stated in the Policies and Notes to the Accounts. 2. Statement of Funds Flow (Funds Flow Statement) A Funds Flow statement has been introduced as part of AFS 2011. While the guidance of International Accounting Standard 7 Statement of Cash Flows has been followed, the business of local authorities is substantially different to most private sector organisations and therefore some minor changes to the format have been agreed to ensure the data displayed is meaningful and useful within the local government sector. For this reason the statement is being referred to as a Statement of Funds Flow. The financial accounts now include a Statement of Funds Flow statement shown after the Statement of Financial Position (Balance Sheet). Notes 17 22 relate to the Statement of Funds Flow and are shown in the Notes on and forming part of the Accounts section of the AFS. Note 19 details Project/Non Project/Affordable/Voluntary balances, which can be either a debit or a credit balance. The funds flow assumes that these are debit balances and bases the (Increase)/Decrease description on this. 3. Accruals The revenue and capital accounts have been prepared on an accrual basis in accordance with the Code of Practice. Parking,Planning,Fire Cert, Golf Course and Library Fees are recorded on a cash receipts basis. 4. Interest Charges Loans payable can be divided into the following two categories: Mortgage related loans Non- mortgage related loans 4.1 Mortgage Related Loans Mortgage related loans have a corresponding stream of income from long term advances (i.e. monies lent by the local authorities to borrowers), for the purchase of houses. Only the interest element is charged or credited to the Statement of Comprehensive Income ( Income & Expenditure Statement). 4.2 Non Mortgage Related Loans Note 7 to the accounts sets out the types of borrowing under this heading. Loans relating to assets/grants, revenue funding, inter local authority will not have a corresponding stream of income. Bridging finance will eventually become part of permanent funding. Loans in respect of the other headings will have a corresponding value in Note 3. 5. Pensions Payments in respect of pensions and gratuities are charged to the revenue account in the accounting period in which the payments are made. The cost of salaries and wages in the accounts includes deductions in respect of pension contributions (including Widows and Orphans) benefits under the Local Government Superannuation Scheme and the Single Public Service Pension Scheme. The Single Public Service Pension Scheme ("Single Scheme) commenced with effect from 1 Janaury 2013. Employee contributions for the Single Scheme continue to be deducted by local authorities but are remitted centrally to DPER. The liability for the payment of pension benefit rests with the relevant Local Authority as set out in Section 31 of the Public Service Pensions (Single Scheme and Other Provisions) Act 2012. 4
6. Agency and Other Services Expenditure on services provided or carried out on behalf of other local authorities is recouped at cost or in accordance with specific agreements. 7. Provision for Bad & Doubtful Debts Provision has been made in the relevant accounts for bad & doubtful debts. 8. Fixed Assets 8.1 Classification of Assets Fixed assets are classified into categories as set out in the balance sheet. A further breakdown by asset type is set out in note 1 to the accounts. 8.2 Recognition All expenditure on the acquisition or construction of fixed assets is capitalised on an accrual basis. 8.3 Measurement A Statement of Financial position (Balance Sheet) incorporating all of the assets of the local authority was included for the first time in the Annual Financial Statement for 2003. The assets were valued based on the 'Valuation Guideline' issued by the DEHLG. All assets purchased or constructed as from 1/1/2004 have been included at historical cost. Accounting policies relating to leases are currently being developed and will be reflected in the financial statements at a future date 8.4 Revaluation As set out in a revision to the Accounting Code of Practice it is policy to show fixed assets at cost. Maintenance and enhancement costs associated with Infrastructure assets are not currently included in fixed assets but will be reviewed at a later date. Due to their physical nature the vast majority of assets are unique to local authorities and are not subject to disposal. Any loss or gain associated with the net realisable value of the remaining general assets subject to disposal, are accounted for at time of disposal. 8.5 Disposals In respect of disposable assets, income is credited to a specific reserve and is generally applied in the purchase of new assets. Proceeds of the sale of local authority houses are to be applied as directed by the DEHLG. 8.6 Depreciation Under the current method of accounting, the charge for depreciation is offset by the amortisation of the source of funding the asset. This method has a neutral impact on Income & Expenditure and consequently the charge for depreciation and the corresponding credit from amortisation is excluded from the Statement of Comprehensive Income (Income & Expenditure Statement). 5
The policies applied to assets subject to depreciation are as follows: Asset Type Bases Depreciation Rate Plant & Machinery - Long life S/L 10% - Short life S/L 20% Equipment S/L 20% Furniture S/L 20% Heritage Assets Nil Library Books Nil Playgrounds S/L 20% Parks S/L 2% Landfill sites (*See note) Water Assets - Water schemes S/L Asset life over 70 years - Drainage schemes S/L Asset life over 50 years The Council does not charge depreciation in the year of disposal and will charge a full year's depreciation in the year of acquisition. 9. Government Grants Government grants are accounted for on an accrual basis. Grants received to cover day to day operations are credited to the Statement of Comprehensive Income( Income & Expenditure Statement). Grants received, relating to the construction of assets, are shown as part of the income of work-in-progress. On completion of the project the income is transferred to a capitalisation account. 10. Development Debtors and Income Short term development levy debtors are included in Note 5. Income from development contributions not due to be paid within the current year is deferred and not separately disclosed in the financial statements. 11. Debt Redemption The proceeds from the early redemption of loans by borrowers, are applied to the redemption of mortgage related borrowings from the HFA and OPW. 12. Lease Schemes Rental payments under operating leases are charged to the Statement of Comprehensive Income( Income & Expenditure Statement). Assets acquired under a finance lease are included in fixed assets. The amount due on outstanding balances is shown under current liabilities and long-term creditors. 13. Stock Stocks are valued on an average cost basis. 14. Work-in-Progress & Preliminary Expenditure Work-in progress and preliminary expenditure is the accumulated historical cost of various capital related projects. The income accrued in respect of these projects is shown in the Statement of Financial Position (Balance Sheet) as 'Income WIP'. 6
15. Interest in Local Authority Companies The Income & Expenditure and Assets & Liabilities of Companies in which Cork City Council has an interest are not incorporated in these accounts. However all financial transactions with such companies made to and from Cork City Council are fully represented in these accounts. The interest of Cork City Council in companies is listed in Appendix 8 of the Annual Financial Statement 16. Related Parties A related party transaction is a transfer of resources, services or obligations between the local authority and a related party. The main related parties for a local authority include the following: i. Management and Personnel ii. Council Members iii. Government Departments iv. Local Authority Companies Local Authority council members and key personnel are bound under the relevant sections of the Local Government Act 2001 and subsequent amending legislation to: a furnish an annual declaration of 'declarable interests' set out in section 175 of the Act; b disclose under sections 167, 178 and 179 any beneficial interests that they or a connected person has; and c follow a code of conduct issued by the Minister for the Environment, Community and Local Government under section 169 of the Local Government Act 2001 in 2004. Declarable interests' cover both financial and certain other interested such as land etc. Local Authority management and personnel salary and remuneration is determined by the Department of Housing, Planning, Community and Local Government in line with central government policy on rates of pay. Local Authority interests in companies and joint ventures are discloded in Appendix 8 to the Annual Financial Statements. Local Authority transactions with government departments are governed by central government controls and procedures driven by government accounting rules. 17. Accounting Treatment - Capital Reclassification Due to a change in Accounting Treatment regarding the classification of Capital jobs, the Opening Balance as at 01/01/16 as per note 8 and 11 differs from the Closing Balance as at 31/12/15. 7
FINANCIAL ACCOUNTS 8
STATEMENT OF COMPREHENSIVE INCOME (INCOME & EXPENDITURE ACCOUNT STATEMENT) FOR YEAR ENDING 31st DECEMBER 2016 The Income and Expenditure Account Statement brings together all the revenue related income and expenditure. It shows the surplus/(deficit) for the year. Transfers to/from reserves are shown separately and not allocated by service division. Note 16 allocates transfers by service division in the same format as Table A of the adopted Local Authority budget. Expenditure by Division Gross Expenditure Income Net Expenditure Net Expenditure 2016 2016 2016 2015 Notes Housing & Building 42,824,990 40,237,231 2,587,759 3,288,201 Roads Transportation & Safety 26,573,130 13,698,126 12,875,004 10,162,836 Water Services 9,495,263 9,427,451 67,812 544,193 Development Management 10,202,161 2,323,949 7,878,212 7,822,606 Environmental Services 29,893,630 5,187,261 24,706,369 25,119,093 Recreation & Amenity 21,441,020 2,464,806 18,976,214 19,105,355 Agriculture, Education, Health & Welfare 525,549 183,330 342,219 297,411 Miscellaneous Services 8,893,493 4,872,263 4,021,230 6,843,260 Total Expenditure/Income 15 149,849,236 78,394,417 Net cost of Divisions to be funded from 71,454,819 73,182,955 Rates & Local Property Tax Rates 64,736,946 65,029,398 Local Property Tax 8,013,089 8,013,089 Pension Related Deduction 2,455,541 3,233,239 Surplus/(Deficit) for Year before Transfers 16 3,750,757 3,092,771 Transfers from/(to) Reserves 14 (3,698,409) (3,085,756) Overall Surplus/(Deficit) for Year 52,348 7,015 General Reserve @ 1st January 2016 779,934 772,919 General Reserve @ 31st December 2016 832,282 779,934 9
STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) AT 31st DECEMBER 2016 Notes 2016 2015 Fixed Assets 1 Operational 1,934,352,039 1,889,947,853 Infrastructural 1,160,251,547 1,118,686,703 Community 99,534,163 96,122,594 Non-Operational 49,635,044 51,663,986 3,243,772,793 3,156,421,136 Work in Progress and Preliminary Expenses 2 17,667,362 81,010,762 Long Term Debtors 3 74,415,730 80,677,985 Current Assets Stocks 4 - - Trade Debtors & Prepayments 5 22,646,005 21,159,820 Bank Investments 42,425,775 43,644,573 Cash at Bank 6,573,945 - Cash in Transit 20,350 20,360 71,666,075 64,824,753 Current Liabilities (Amounts falling due within one year) Bank Overdraft - 881,370 Creditors & Accruals 6 45,990,057 46,957,587 Finance Leases 15,867 15,867 46,005,924 47,854,824 Net Current Assets / (Liabilities) 25,660,151 16,969,929 Creditors (Amounts falling due after more than one year) Loans Payable 7 139,390,254 141,018,875 Finance Leases 36,159 52,026 Refundable deposits 8 2,741,636 13,735,583 Other 1,547,205 1,825,017 143,715,254 156,631,501 Net Assets 3,217,800,782 3,178,448,311 Represented by Capitalisation Account 9 3,243,772,793 3,156,421,136 Income WIP 2 15,765,162 77,694,372 Specific Revenue Reserve - 277,861 General Revenue Reserve 832,282 779,934 Other Balances 10 (42,569,455) (56,724,992) Total Reserves 3,217,800,782 3,178,448,311 10
STATEMENT OF FUNDS FLOW (FUNDS FLOW STATEMENT) AS AT 31ST DECEMBER 2016 2016 2016 Note REVENUE ACTIVITIES Net Inflow/(outflow) from operating activities 17 (2,448,470) CAPITAL ACTIVITIES Returns on Investment & Servicing of Finance Increase/(Decrease) in Fixed Asset Capitalisation Funding 87,351,657 Increase/(Decrease) in WIP/Preliminary Funding (61,929,210) Increase/(Decrease) in Reserves Balances 18 12,646,979 Net Inflow/(Outflow) from Returns on Investment and Servicing of Finance 38,069,426 Capital Expenditure & Financial Investment (Increase)/Decrease in Fixed Assets (87,351,657) (Increase)/Decrease in WIP/Preliminary Funding 63,343,400 (Increase)/Decrease in Agent Works Recoupable 47,103 (Increase)/Decrease in Other Capital Balances 19 5,354,478 Net Inflow/(Outflow) from Capital Expenditure and Financial Investment (18,606,676) Financing Increase/(Decrease) in Loan Financing 20 4,339,955 (Increase)/Decrease in Reserve Financing 21 (4,123,780) Net Inflow/(Outflow) from Financing Activities 216,175 Third Party Holdings Increase/(Decrease) in Refundable Deposits (10,993,947) Net Increase/(Decrease) in Cash and Cash Equivalents 22 6,236,508 11
Additions - Purchased 1,069,269-25,656,244 321,206 248,112 19,475 347,692 - - 27,661,998 - Transfers WIP - 2,788,544 21,552,307 528,892 - - 1,952,784 43,193,893-70,016,420 Disposals\Statutory Transfers (3,098,211) - (5,601,206) (200,474) (630,914) - (854,536) - - (10,385,341) Revaluations - - - - - - - - - - Historical Cost Adjustments - - 100,000 334,740 - - 1,503,000 - - 1,937,740 Accumulated Costs @ 31/12/2016 69,213,552 11,293,583 1,740,637,516 130,869,681 6,224,190 1,973,614 91,191,746 1,174,079,955 34,138,768 3,259,622,605 Accumulated Depreciation @ 31/12/2016-3,626,246 - - 5,473,217 1,872,110 - - 4,878,241 15,849,812 Net Book Value @ 31/12/2016 69,213,552 7,667,337 1,740,637,516 130,869,681 750,973 101,504 91,191,746 1,174,079,955 29,260,527 3,243,772,793 Net Book Value @ 31/12/2015 71,242,494 5,425,693 1,698,930,171 129,885,317 742,121 176,897 88,242,806 1,130,886,062 30,889,574 3,156,421,136 Net Book Value by Category Operational 4,447,806-1,740,637,516 116,601,339 750,973 101,504 22,951,357 48,861,543-1,934,352,039 Infrastructural - - - 2,034,385 - - 4,108,930 1,124,847,705 29,260,527 1,160,251,547 Community 15,508,430 7,667,337-12,233,957 - - 63,753,731 370,707-99,534,163 Non-Operational 49,257,316 - - - - - 377,728 - - 49,635,044 Net Book Value @ 31/12/2016 69,213,552 7,667,337 1,740,637,516 130,869,681 750,973 101,504 91,191,746 1,174,079,955 29,260,527 3,243,772,793 1. Fixed Assets NOTES TO AND FORMING PART OF THE ACCOUNTS Land Parks Housing Buildings Plant & Machinery (Long & Short Life) Computers, Furniture & Equipment Heritage Roads & Infrastructure Costs Accumulated Costs @ 1/1/2016 71,242,494 8,505,039 1,698,930,171 129,885,317 6,606,992 1,954,139 88,242,806 1,130,886,062 34,138,768 3,170,391,788 Water & Sewerage Network Total 12 Depreciation Depreciation @ 1/1/2016-3,079,346 - - 5,864,872 1,777,242 - - 3,249,194 13,970,652 Provision for Year - 546,900 - - 239,260 94,868 - - 1,629,047 2,510,075 Disposals\Statutory Transfers - - - - (630,915) - - - - (630,915)
28,902,397 201,467 (1,411,559) (936,230) (47,937) 26,708,138 28,902,397 Voluntary Housing / Courthouse & Water Loans recoupable 50,367,770 54,458,906 47,212,690 51,019,514 Capital Advance Leasing Facility 1,547,205 459,962 Development Levy Debtors - 1,365,055 Inter Local Authority Loans - - Long-term Investments - - Cash - - Interest in associated companies - - Other 1,607,875 1,614,375 77,075,908 83,361,303 Less: Amounts falling due within one year (Note 5) (2,660,178) (2,683,318) Total Amounts falling due after more than one year 74,415,730 80,677,985 NOTES TO AND FORMING PART OF THE ACCOUNTS 2. Work in Progress and Preliminary Expenses A summary of work in progress and preliminary expenditure by asset category is as follows: Funded Unfunded Total Total 2016 2016 2016 2015 Expenditure Work in Progress 12,338,902-12,338,902 73,947,874 Preliminary Expenses 2,954,652 2,373,808 5,328,460 7,062,888 15,293,554 2,373,808 17,667,362 81,010,762 Income Work in Progress 11,773,985-11,773,985 71,523,250 Preliminary Expenses 3,533,670 457,507 3,991,177 6,171,122 15,307,655 457,507 15,765,162 77,694,372 Net Expended Work in Progress 564,917-564,917 2,424,624 Preliminary Expenses (579,018) 1,916,301 1,337,283 891,766 Net Over/(Under) Expenditure (14,101) 1,916,301 1,902,200 3,316,390 13 3. Long Term Debtors A breakdown of the long-term debtors is as follows: Balance @ Loans Principal Early Other Balance @ Balance @ 1/1/2016 Issued Repaid Redemptions Adjustments 31/12/2016 31/12/2015 Long Term Mortgage Advances* 24,218,094 201,467 (1,381,432) (739,632) 676 22,299,173 24,218,094 Tenant Purchases Advances 191,300 - (30,127) (28,863) - 132,310 191,300 Shared Ownership Rented Equity 4,493,003 - (167,735) (48,613) 4,276,655 4,493,003 * Includes HFA Agency Loans
NOTES TO AND FORMING PART OF THE ACCOUNTS 4. Stocks A summary of stock is as follows: 2016 2015 Central Stores - - Other Depots - - Total - - 5. Trade Debtors & Prepayments A breakdown of debtors and prepayments is as follows: 2016 2015 Government Debtors 4,024,084 3,323,675 Commercial Debtors 20,602,421 20,229,571 Non-Commercial Debtors 5,240,017 4,838,987 Development Levy Debtors 3,805,685 5,932,180 Other Services - - Other Local Authorities 1,660,326 1,496,860 Agent Works Recoupable 326,307 373,410 Revenue Commissioners - - Other 6,661,686 6,554,140 Add: Amounts falling due within one year (Note 3) 2,660,178 2,683,318 Total Gross Debtors 44,980,704 45,432,141 Less: Provision for Doubtful Debts (23,660,134) (25,051,934) Total Trade Debtors 21,320,570 20,380,207 Prepayments 1,325,435 779,613 22,646,005 21,159,820 14
6. Creditors and Accruals NOTES TO AND FORMING PART OF THE ACCOUNTS A breakdown of creditors and accruals is as follows: 2016 2015 Trade creditors 1,063,061 130,369 Grants - - Revenue Commissioners 2,922,596 2,830,375 Other Local Authorities - - Other Creditors - - 3,985,657 2,960,744 Accruals 32,560,055 21,472,130 Deferred Income 3,593,078 17,048,359 Add: Amounts falling due within one year (Note 7) 5,851,267 5,476,354 45,990,057 46,957,587 7. Loans Payable (a) Movement in Loans Payable HFA OPW Other Balance @ Balance @ 31/12/2016 31/12/2015 Balance @ 1/1/2016 120,992,467 8,308 25,494,454 146,495,229 157,649,451 Borrowings 9,088,614 - - 9,088,614 - Repayment of Principal (3,072,623) (8,308) (2,591,207) (5,672,138) (5,653,756) Early Redemptions (5,153,780) - - (5,153,780) (6,035,746) Other Adjustments 483,596 - - 483,596 535,280 Balance @ 31/12/2016 122,338,274-22,903,247 145,241,521 146,495,229 Less: Amounts falling due within one year (Note 6) 5,851,267 5,476,354 Total Amounts falling due after more than one year 139,390,254 141,018,875 (b) Application of Loans An analysis of loans payable is as follows: HFA OPW Other Balance @ Balance @ 31/12/2016 31/12/2015 Mortgage loans* 22,388,372 - - 22,388,372 23,650,927 Non-Mortgage loans Asset/Grants 43,020,923 - - 43,020,923 37,466,992 Revenue Funding - - - - - Bridging Finance 28,380,682 - - 28,380,682 29,790,391 Recoupable - - - - - Shared Ownership Rented Equity 4,238,853 - - 4,238,853 4,567,405 Inter-Local Authority - - - - - Voluntary Housing, Courthouse & Water Loans recoupable 24,309,444-22,903,247 47,212,691 51,019,514 122,338,274-22,903,247 145,241,521 146,495,229 Less: Amounts falling due within one year (Note 6) 5,851,267 5,476,354 Total Amounts falling due after more than one year 139,390,254 141,018,875 * Includes HFA Agency Loans 15
Total Gross Funding 3,170,391,788 27,661,998 70,016,420 (10,385,341) - 1,937,740 3,259,622,603 3,170,391,788 Total * 3,243,772,793 3,156,421,136 NOTES TO AND FORMING PART OF THE ACCOUNTS 8. Refundable Deposits The movement in refundable deposits is as follows: 2016 2015 Opening Balance at 1 January 2,733,558 12,218,562 Deposits received 295,986 11,490,098 Deposits repaid (287,908) (9,973,077) Closing Balance at 31 December 2,741,636 13,735,583 Due to change in classification of some Capital jobs, the Closing balance at 31/12/15 differs from Opening Balance at 01/01/16. See note 11 as well Note: Short Term Refundable Deposits are included as part of Cash Investments on the Balance sheet 9. Capitalisation Account 16 The capitalisation account shows the funding of the assets as follows: Balance @ Purchased Transfers Disposals\Statutory Revaluations Historical Balance @ Balance @ 1/1/2016 WIP Transfers Cost Adj 31/12/2016 31/12/2015 Grants 808,330,514 25,941,869 67,227,876 (901,206) - - 900,599,053 808,330,514 Loans 68,982,076 - - (3,098,211) - - 65,883,865 68,982,076 Revenue funded 19,708,928 277,812 - (11,000) - - 19,975,740 6,020,078 Leases 6,020,078 - - (75,712) - - 5,944,366 19,708,928 Development Levies 18,180,815 - - - - - 18,180,815 18,180,815 Tenant Purchase Annuities - - - - - - - - Unfunded 36,894 - - - - - 36,894 36,894 Historical 2,167,333,109-2,788,544 (5,444,676) - - 2,164,676,977 2,167,333,109 Other 81,799,374 1,442,316 - (854,536) - 1,937,740 84,324,894 81,799,374 Less: Amortised (15,849,810) (13,970,652) * Must agree with note 1
NOTES TO AND FORMING PART OF THE ACCOUNTS Voluntary & Affordable Housing Balances (c) - Voluntary Housing 34,955-1,414,588 1,229,909 (53,193) (202,917) 34,955 - Affordable Housing 5,505,553-2,396,970 854,398 185,868 4,148,849 5,505,553 Reserves created for specific purposes (d) 27,024,608 10,599,095 13,408,924 15,812,126 269,831 40,296,736 27,024,608 A. Net Capital Balances 10,750,410 8,683,684 71,456,529 77,891,374 2,882,928 28,751,866 10,750,410 B. Non Capital Balances (71,321,321) (67,475,402) Total Other Balances (42,569,455) (56,724,992) *() Denotes Debit Balances 10. Other Balances A breakdown of other balances is as follows: Development Levies balances Capital account balances including asset formation and enhancement Balance @ Capital Expenditure Income Net Transfers Balance @ Balance @ 1/1/2016 re-classification * 31/12/2016 31/12/2015 (a) 1,845,675 - (965,106) 2,137,990 (3,728,245) 1,220,526 1,845,675 (b) (23,660,381) (1,915,411) 55,201,153 57,856,951 6,208,667 (16,711,327) (23,660,381) 17 Balance Sheet accounts relating the loan principal outstanding (including Unrealised TP Annuities) (e) (71,321,321) (67,475,402) Interest in Associated Companies (f) - - (a) This represents the cumulative balance of development levies i.e. income less expenditure and transfers to date. (b) This represents the cumulative position on funded and unfunded capital jobs consisting of project (completed assets) and non-project (enhancment of assets) balances. Debit balances will require sources of funding to clear. (c) This represents the cumulative position on voluntary and affordable housing projects. (d) Relates to reserves and advance funding for future Local Authority assets, insurance liabilities, other purposes and includes realised tenant purchase annuities. (e) Loan related balances including outstanding principal on leases and non-mortgage loans remaining to be funded, historical mortgage funding gap, unrealised principal on tenant purchase annuities to be repaid in the future and shared ownership rented equity. (f) Represents the local authority's interest in associated companies.
11. Capital Account Analysis NOTES TO AND FORMING PART OF THE ACCOUNTS The capital account has been de-aggregated and is comprised of the following accounts in the balance sheet: 2016 2015 Net WIP & Preliminary Expenses (Note 2) (1,902,200) (3,316,390) Net Capital Balances (Note 10) 28,751,866 10,750,410 Agent Works Recoupable (Note 5) (326,307) (373,410) Capital Balance Surplus/(Deficit) @ 31 December 26,523,358 7,060,610 A summary of the changes in the Capital account (see Appendix 6) is as follows: 2016 2015 Opening Balance @ 1 January 18,062,635 16,589,293 Expenditure 80,195,071 56,519,045 Income - Grants 63,629,119 34,459,772 - Loans 9,036,410 552,666 - Other 12,300,073 8,918,242 Total Income 84,965,602 43,930,680 Net Revenue Transfers/ Inter Capital Transfers 3,690,192 3,059,682 Closing Balance @ 31 December 26,523,358 7,060,610 Due to change in classification of some Capital jobs, the Closing balance at 31/12/15 differs from Opening Balance at 01/01/16. See note 8 as well 12. Mortgage Loan Funding Surplus/(Deficit) The mortgage loan funding position on the balance sheet is as follows: 2016 2016 2016 2015 Loan Annuity Rented Equity Total Total Mortgage Loans/Equity Receivable (LT Mortgage Shared Own Note 3) 22,299,173 4,276,655 26,575,828 28,711,097 Mortgage Loans/Equity Payable (Mort Loans Shared Own Note 7) (22,388,372) (4,238,853) (26,627,225) (28,218,332) Surplus/(Deficit) in Funding @ 31st December (89,199) 37,802 (51,397) 492,765 NOTE: Cash on Hand relating to Redemptions and Relending - 13. Summary of Plant & Materials Account A summary of the operations of the Plant & Machinery account is as follows: 2016 2016 2016 2015 Plant & Machinery Materials Total Total Expenditure (3,177,793) - (3,177,793) (3,106,852) Charged to Jobs 3,177,793-3,177,793 3,106,852 - - - - Transfers from/(to) Reserves - - - - Surplus/(Deficit) for the Year - - - - 18
Loan Repayment Reserve - (147,089) (147,089) (45,189) Lease Repayment Reserve - - - - Historical Mortgage Funding / Specific Reserve Write off - - - - Development Levies - - - - Other 749,942 (4,301,262) (3,551,320) (3,040,567) Surplus/(Deficit) for Year 749,942 (4,448,351) (3,698,409) (3,085,756) 14. Transfers from/(to) Reserves NOTES TO AND FORMING PART OF THE ACCOUNTS A summary of transfers to/from Reserves is as follows: 2016 2016 2016 2015 Transfers from Transfers to Net Reserves Reserves 19 15. Analysis of Revenue Income A summary of the major sources of revenue income is as follows: Appendix No 2016 2015 % % Grants & Subsidies 3 24,100,402 16% 21,267,313 14% Contributions from other local authorities 2,182,411 1% 2,091,381 1% Goods & Services 4 52,111,604 34% 50,414,747 34% 78,394,417 51% 73,773,441 49% Local Property Tax 8,013,089 5% 8,013,089 5% Pension Related Deduction 2,455,541 2% 3,233,239 2% Rates 64,736,946 42% 65,029,398 43% Total Income 153,599,993 100% 150,049,167 100%
16. Over/Under Expenditure NOTES TO AND FORMING PART OF THE ACCOUNTS The following table shows the difference between the adopted estimates and the actual outturn in respect of both expenditure and income: 20 Excluding Transfers Transfers EXPENDITURE INCOME Including Transfers Budget (Over)/Under Budget Excluding Transfers Transfers Including Transfers Budget Over/(Under) Budget NET (Over)/Under Budget 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 Housing & Building 42,824,990 1,844,559 44,669,549 44,772,200 102,651 40,237,231-40,237,231 39,380,100 857,131 959,782 Roads Transportation & Safety 26,573,130 418,076 26,991,206 23,882,000 (3,109,206) 13,698,126 661,066 14,359,192 13,098,400 1,260,792 (1,848,414) Water Services 9,495,263 90,948 9,586,211 10,864,400 1,278,189 9,427,451 31,876 9,459,327 10,414,700 (955,373) 322,816 Development Management 10,202,161 433,186 10,635,347 9,996,000 (639,347) 2,323,949-2,323,949 1,813,900 510,049 (129,298) Environmental Services 29,893,630 785,427 30,679,057 30,764,500 85,443 5,187,261 57,000 5,244,261 4,410,100 834,161 919,604 Recreation & Amenity 21,441,020 596,386 22,037,406 21,027,400 (1,010,006) 2,464,806-2,464,806 2,169,000 295,806 (714,200) Agriculture, Education, Health & Welfare 525,549 10,000 535,549 587,500 51,951 183,330-183,330 294,000 (110,670) (58,719) Miscellaneous Services 8,893,493 269,770 9,163,263 9,333,800 170,537 4,872,263-4,872,263 1,725,800 3,146,463 3,317,000 Total Divisions 149,849,236 4,448,351 154,297,587 151,227,800 (3,069,787) 78,394,417 749,942 79,144,359 73,306,000 5,838,359 2,768,572 Local Property Tax - - - - - 8,013,089-8,013,089 8,013,100 (11) (11) Pension Related Deduction - - - - - 2,455,541-2,455,541 3,170,000 (714,459) (714,459) Rates - - - - - 64,736,946-64,736,946 66,334,100 (1,597,154) (1,597,154) Dr/Cr Balance 404,600 (404,600) (404,600) (Deficit)/Surplus for Year 149,849,236 4,448,351 154,297,587 151,227,800 (3,069,787) 153,599,993 749,942 154,349,935 151,227,800 3,122,135 52,348
NOTES TO AND FORMING PART OF THE ACCOUNTS 17. Net Cash Inflow/(Outflow) from Operating Activities 2016 Operating Surplus/(Deficit) for Year 52,348 (Increase)/Decrease in Stocks - (Increase)/Decrease in Trade Debtors (1,486,185) Non operating activity in Trade Debtors (Agent Works) (47,103) Increase/(Decrease) in Creditors Less than One Year (967,530) (2,448,470) 18. Increase/(Decrease) in Reserve Balances Increase/(Decrease) in Development Levies balances (625,149) Increase/(Decrease) in Reserves created for specific purposes 13,272,128 12,646,979 19. (Increase)/Decrease in Other Capital Balances (Increase)/Decrease in Capital account balances including asset formation and enhancement 6,949,054 (Increase)/Decrease in Voluntary Housing Balances (237,872) (Increase)/Decrease in Affordable Housing Balances (1,356,704) 5,354,478 20. Increase/(Decrease) in Loan Financing (Increase)/Decrease in Long Term Debtors 6,262,255 Increase/(Decrease) in Mortgage Loans (1,262,555) Increase/(Decrease) in Asset/Grant Loans 5,553,931 Increase/(Decrease) in Revenue Funding Loans - Increase/(Decrease) in Bridging Finance Loans (1,409,709) Increase/(Decrease) in Recoupable Loans - Increase/(Decrease) in Shared Ownership Rented Equity Loans (328,552) Increase/(Decrease) in Inter-Local Authority Loans - Increase/(Decrease) in Voluntary Housing Loans (3,806,823) Increase/(Decrease) in Finance Leasing (15,867) (Increase)/Decrease in Portion Transferred to Current Liabilities (374,913) Increase/(Decrease) in Long Term Creditors - Deferred Income (277,812) 4,339,955 21
NOTES TO AND FORMING PART OF THE ACCOUNTS 21. (Increase)/Decrease in Reserve Financing 2016 (Increase)/Decrease in Specific Revenue Reserve (277,861) (Increase)/Decrease in Balance Sheet accounts relating the loan principal outstanding (3,845,919) (including Unrealised TP Annuities) (Increase)/Decrease in Reserves in Associated Companies - (4,123,780) 22. Analysis of Changes in Cash & Cash Equivalents Increase/(Decrease) in Bank Investments (1,218,798) Increase/(Decrease) in Cash at Bank/Overdraft 7,455,315 Increase/(Decrease) in Cash in Transit (10) 6,236,508 22
APPENDICES 23
APPENDIX 1 ANALYSIS OF EXPENDITURE FOR YEAR ENDED 31st DECEMBER 2016 2016 2015 Payroll Expenses Salary & Wages 54,812,932 54,981,085 Pensions (incl Gratuities) 16,843,110 16,485,650 Other costs 5,044,750 5,188,313 Total 76,700,792 76,655,048 Operational Expenses Purchase of Equipment 861,392 757,496 Repairs & Maintenance 1,459,458 1,527,021 Contract Payments 14,555,876 11,734,536 Agency services 6,656,962 6,062,921 Machinery Yard Charges incl Plant Hire 2,938,281 3,202,717 Purchase of Materials & Issues from Stores 2,359,666 2,250,091 Payment of Grants 4,565,599 3,983,354 Members Costs 412,753 398,379 Travelling & Subsistence Allowances 711,062 769,596 Consultancy & Professional Fees Payments 2,656,293 2,833,989 Energy / Utilities Costs 3,175,812 3,254,329 Other 15,275,498 15,196,392 Total 55,628,652 51,970,821 Administration Expenses Communication Expenses 586,765 628,650 Training 550,480 574,741 Printing & Stationery 429,829 539,754 Contributions to other Bodies 614,000 656,672 Other 1,793,129 1,762,776 Total 3,974,203 4,162,593 Establishment Expenses - Rent & Rates 2,204,613 2,075,460 Other 1,588,450 1,620,227 Total 3,793,063 3,695,687 Financial Expenses 9,098,970 9,731,929 Miscellaneous Expenses 653,556 740,318 Total Expenditure 149,849,236 146,956,396 24
EXPENDITURE INCOME Contributions from other local authorities A01 Maintenance/Improvement of LA Housing 15,824,170 157,647 21,711,013-21,868,660 A02 Housing Assessment, Allocation and Transfer 778,764-20 - 20 A03 Housing Rent and Tenant Purchase Administration 1,152,194-11,412-11,412 A04 Housing Community Development Support 5,691,262 16,152 145,572-161,724 A06 Support to Housing Capital & Affordable Prog. 2,231,794 97,740 447,579-545,319 A07 RAS Programme 8,274,069 7,686,421 658,605-8,345,026 A08 Housing Loans 1,240,565-988,485-988,485 A09 Housing Grants 2,461,478 2,019,919 - - 2,019,919 A11 Agency & Recoupable Services 425,287-128,347-128,347 A12 HAP Programme 143,250 136,200 - - 136,200 Less Transfers to/from Reserves 1,844,559 - - TOTAL APPENDIX 2 SERVICE DIVISION A HOUSING and BUILDING DIVISION TOTAL State Grants & Subsidies Provision of Goods and Services 25 A05 Administration of Homeless Service 6,446,716 5,375,608 513,180 143,331 6,032,119 SERVICE DIVISION TOTAL INCLUDING TRANSFERS TO/FROM RESERVES 44,669,549 15,489,687 24,604,213 143,331 40,237,231 SERVICE DIVISION TOTAL EXCLUDING TRANSFERS TO/FROM RESERVES 42,824,990 15,489,687 24,604,213 143,331 40,237,231
EXPENDITURE INCOME Contributions from other local authorities B01 NP Road - Maintenance and Improvement 703,204 183,074 23,695-206,769 B02 NS Road - Maintenance and Improvement 3,203-634 - 634 B03 Regional Road - Maintenance and Improvement 322,346-13,729-13,729 B04 Local Road - Maintenance and Improvement 11,894,198 3,439,787 850,451-4,290,238 B06 Traffic Management Improvement 4,869,649 174,381 96,540-270,921 B07 Road Safety Engineering Improvement 178 39,487 - - 39,487 B08 Road Safety Promotion/Education 760,179-23,128-23,128 B09 Maintenance & Management of Car Parking 4,616,498-8,659,044-8,659,044 B10 Support to Roads Capital Prog. 1,101,906-13,518-13,518 B11 Agency & Recoupable Services 17,407-687,462-687,462 Less Transfers to/from Reserves 418,076 661,066 661,066 TOTAL APPENDIX 2 SERVICE DIVISION B ROAD TRANSPORTATION and SAFETY DIVISION TOTAL State Grants & Subsidies Provision of Goods and Services 26 B05 Public Lighting 2,702,438 154,262 - - 154,262 SERVICE DIVISION TOTAL INCLUDING TRANSFERS TO/FROM RESERVES 26,991,206 3,990,991 10,368,201-14,359,192 SERVICE DIVISION TOTAL EXCLUDING TRANSFERS TO/FROM RESERVES 26,573,130 3,990,991 9,707,135-13,698,126
Contributions from other local authorities C01 Operation and Maintenance of Water Supply 5,887,207-5,928,266-5,928,266 C02 Operation and Maintenance of Waste Water Treatmen 3,173,906-2,605,807-2,605,807 C03 Collection of Water and Waste Water Charges 348,638-338,693-338,693 C04 Operation and Maintenance of Public Conveniences 50,053-10,995-10,995 C06 Support to Water Capital Programme - - - - - C07 Agency & Recoupable Services 9,881-1,371-1,371 C08 Local Authority Water and Sanitary Services 115,845 555,133 19,062-574,195 Less Transfers to/from Reserves 90,948 31,876 31,876 TOTAL APPENDIX 2 SERVICE DIVISION C WATER SERVICES EXPENDITURE INCOME DIVISION TOTAL State Grants & Subsidies Provision of Goods and Services 27 C05 Admin of Group and Private Installations 681 - - - - SERVICE DIVISION TOTAL INCLUDING TRANSFERS TO/FROM RESERVES 9,586,211 555,133 8,904,194-9,459,327 SERVICE DIVISION TOTAL EXCLUDING TRANSFERS TO/FROM RESERVES 9,495,263 555,133 8,872,318-9,427,451
EXPENDITURE INCOME Contributions from other local authorities D01 Forward Planning 1,305,133-27,644-27,644 D02 Development Management 1,984,571-576,014-576,014 D03 Enforcement 625,695-19,797-19,797 D06 Community and Enterprise Function 1,518,724 80,229 105,493-185,722 D07 Unfinished Housing Estates - - - - - D08 Building Control 330,773-10,203-10,203 D09 Economic Development and Promotion 2,853,965 993,663 142,064 53,479 1,189,206 D10 Property Management 427-22,300-22,300 D11 Heritage and Conservation Services 501,364 15,190 7,056-22,246 D12 Agency & Recoupable Services 301,435-270,817-270,817 Less Transfers to/from Reserves 433,186 - - TOTAL APPENDIX 2 SERVICE DIVISION D DEVELOPMENT MANAGEMENT DIVISION TOTAL State Grants & Subsidies Provision of Goods and Services 28 D04 Op & Mtce of Industrial Sites & Commercial Facilities - - - - - D05 Tourism Development and Promotion 1,213,260 - - - - SERVICE DIVISION TOTAL INCLUDING TRANSFERS TO/FROM RESERVES 10,635,347 1,089,082 1,181,388 53,479 2,323,949 SERVICE DIVISION TOTAL EXCLUDING TRANSFERS TO/FROM RESERVES 10,202,161 1,089,082 1,181,388 53,479 2,323,949
E01 Operation, Maintenance and Aftercare of Landfill 2,255,826-1,265,167-1,265,167 E02 Op & Mtce of Recovery & Recycling Facilities 1,242,345-16,138-16,138 E03 Op & Mtce of Waste to Energy Facilities - - - - - E04 Provision of Waste to Collection Services - - - - - E05 Litter Management 273,092-67,107-67,107 E07 Waste Regulations, Monitoring and Enforcement 387,287 251,836 55,954-307,790 E08 Waste Management Planning 565,160-192,934-192,934 E09 Maintenance and Upkeep of Burial Grounds 1,325,158-588,230-588,230 E10 Safety of Structures and Places 654,649 73,898 155,492-229,390 E11 Operation of Fire Service 14,874,694 12,793 470,393 1,502,170 1,985,356 E12 Fire Prevention 1,549,299-323,645-323,645 E13 Water Quality, Air and Noise Pollution 428,235-18,606-18,606 E14 Agency & Recoupable Services - - - - - Less Transfers to/from Reserves 785,427 57,000 57,000 TOTAL APPENDIX 2 SERVICE DIVISION E ENVIRONMENTAL SERVICES EXPENDITURE INCOME DIVISION TOTAL State Grants & Subsidies Provision of Goods and Services Contributions from other local authorities 29 E06 Street Cleaning 7,123,312-249,898-249,898 SERVICE DIVISION TOTAL INCLUDING TRANSFERS TO/FROM RESERVES 30,679,057 338,527 3,403,564 1,502,170 5,244,261 SERVICE DIVISION TOTAL EXCLUDING TRANSFERS TO/FROM RESERVES 29,893,630 338,527 3,346,564 1,502,170 5,187,261